Mongolia Seeks Bigger Share, Early Payments from Oyu Tolgoi Mine

Published: Mar 11, 2026 15:29

Save

Mongolia is demanding earlier profit payments and a larger share of revenue from the massive Oyu Tolgoi copper mine it co-owns with Rio Tinto (ASX: RIO), reopening negotiations over the $18-billion project’s commercial terms.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Workers Plan Strike at Glencore Copper Refinery in Australia

Workers at Glencore’s Townsville copper refinery in Queensland are planning a strike after nearly a year of unsuccessful wage negotiations. The industrial action could disrupt refinery operations and affect copper supply chains. Analysts say labor disputes add further uncertainty to the global copper market.

Common.Time.minsAgo

Peru Approves Environmental Study for $3.4B Trapiche Copper Project

Peru has approved the environmental study for Buenaventura’s Trapiche copper project, which involves an estimated $3.4 billion investment. The project represents one of the country’s major upcoming copper developments. Analysts say it could strengthen Peru’s role as a key global copper supplier.

Common.Time.minsAgo

Copper Refinery Workers in Queensland Plan Strike Over Pay and Conditions Dispute

The Australian Workers' Union (AWU) stated that workers at a copper refinery in North Queensland are planning to go on strike due to nearly a year of unsuccessful negotiations with Glencore over pay and working conditions. The union said that if the labor negotiations scheduled for Thursday still fail to address workers' demands, employees at the Townsville refinery will begin striking from Friday.

Common.Time.minsAgo